Month: December 2015

Today, ISIS oil fields; tomorrow…Jerusalem Post Israel NewsFor months, critics had called for the United States to bomb Islamic State oil fields. Not just the refineries that prepared the oil used by IS fighters, but the oil fields themselves, from which IS exports crude and makes money. Those oil fields are …

As Oil Prices Stay Low, Alaska Mulls Income TaxOilPrice.comAs oil prices remained high even after the embargo ended, the idea of recovering that oil became economically practical, and in 1974 a consortium of oil companies called the Trans-Alaska Pipeline System began building a pipeline from Prudhoe Bay to …

Germany’s Prospects For Energy StorageOilPrice.comGermany has seen some interesting developments in its renewable energy sector over the past few years. After successfully moving away from nuclear energy, Germany is now more dependent on renewables for electricity generation than ever before. In fact …

Oil bust is top East Texas business story of the yearLongview News-JournalThe sacrifice of oil producers, oil field workers and more than 1,200 drilling rigs still hasn’t stalled U.S. crude production enough to shrink the glut that has sent oil prices below $40 a barrel. That, the Fed says, means the new year will bring more …

3 Scenarios For Oil in 2016: RBC Commodity ChiefCNBCCrude oil may have rallied more than eight percent last week and is trading near 2004 lows, but it doesn’t mean we’ve seen the bottom in the market. In fact, the recent bullish trend could be short-lived in 2016. RBC Capital Markets’ Global Head of …

OPEC: $95 Oil, But Not Until 2040OilPrice.comThis week opened with the average global price of oil at an 11-year low, yet OPEC expects its own producers eventually will cut back on production, causing prices to rebound to $70 per barrel by 2020. That may seem a long time for producers to wait for …

Negative Power Prices Highlight Some Regulatory ProblemsOilPrice.comAs a result, the power companies are traditionally willing to sell the power for any price above their marginal cost of production. For conventional fossil fuels like oil and natural gas, the marginal cost of production – that is the cost of producing …

Hoping for a Price Surge, Oil Companies Keep Wells in ReserveNew York TimesBERTHOUD, Colo. — The price of oil keeps dropping. But that didn’t stop a work crew from drilling a well recently on what was once a cornfield, carefully guiding the last sections of 13,000 feet of pipe spiraling into the hard Niobrara shale with a …

Nong Yao Oil FieldOffshore TechnologyNong Yao oil field is situated in the G11/48 concession in southern Gulf of Thailand, approximately 165km off the coast of Thailand, in a water depth of approximately 75m. The G11/48 development block, including the Nong Yao discovery, is owned by …

Iran delusional about its oil potential: OilPriceUSA TODAYAfter 37 miserable years of the so-called Islamic Republic (IR) and more than $1.6 trillion of oil income, Iran’s oil and gas infrastructure has become ineffective and is suffering from poor management and chronic corruption. As a result, the well …